“Bitly is announcing today that Peter Stern has resigned to pursue other interests. “Peter has been a key leader and contributor to the Company,” said Bitly Board member Sam Mandel. “In particular he has been instrumental in transforming Bitly into a successful business while growing its unparalleled data set. We are very happy that he will remain a shareholder and supporter.””

“Bit.ly is in a great position to see this kind of social data. We see a slice of what people are sharing and reading across the social web. So this is a way to start to put that power in the hands of people who can build interesting things with it,” Hilary Mason, Bit.ly’s chief scientist, said in an interview in January.